Location: Navajo County, AZ | Metro: Flagstaff, AZ MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,440 |
| 1 Bedroom | $1,560 |
| 2 Bedrooms | $1,730 |
| 3 Bedrooms | $2,110 |
| 4 Bedrooms | $2,320 |
| 5 Bedrooms | $2,691 |
| 6 Bedrooms | $3,014 |
| 7 Bedrooms | $3,255 |
| 8 Bedrooms | $3,418 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 86030 in Navajo County, Arizona reveals several key points that are essential for landlords and small-portfolio investors.
The rent math does not work favorably here. The Fair Market Rent (FMR) for the zip code in fiscal year 2024 is set at $1860, which is the benchmark for Section 8 payments. However, the market rent is currently unavailable, making it impossible to compare and determine if the FMR adequately covers the cost of maintaining and managing properties. This uncertainty can be a significant risk factor for investment.
Regarding acquisition affordability, the data indicates that the median home value is also not available. Additionally, the days on market (DOM) and the percentage of homes requiring price cuts are unknown. Without these figures, it's challenging to assess whether buying properties in this area would be a financially prudent decision for investors looking to acquire assets at reasonable prices.
Tenant demand is another critical aspect. With a total population of 658, only 8.5% of residents are renters. This low renter share suggests limited demand for rental properties, potentially leading to high vacancy rates and reduced occupancy income for landlords.
Verdict: ZIP 86030 presents significant challenges for Section 8 real estate investment. The unavailability of crucial data points such as market rent and median home values hinders the ability to make informed decisions. Furthermore, the low renter share in the community indicates weak demand for rental housing, which could result in difficulty filling units and sustaining steady rental income. Given these factors, the area does not appear to be a strong candidate for investment at this time.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.